Consolidated Financial Statements

of
San Miguel Corporation
For three years in the period ended December 31, 2017

(In Millions)

AE 113 - 1240

Abella, Kimberly Joy B.

San Miguel Brewery Inc. (SMB) is the largest producer of beer in the Philippines, with a total market share of approximately more
than 95% in 2008. The Company has five breweries strategically located across the Philippines and a highly developed distribution
system serving approximately 471,000 retail outlets.

Conclusion:

This information provides an idea to the existing and potential investors about deciding on buying, selling or holding their funds in the
company. Primary and other users can tell whether the organization is adeptly managing its money and investing it wisely.
Information about trends helps identify areas of wide divergence. Once identified, these areas become the areas of your business that:
need further attention, need a course of actions to amend and fine-tuning of an adopted strategy.

The company should take advantage of the high demand for their product to redeem their selves from their sudden decline in ratios
such as liquidity ratio. They may raise their price or may even use more strategies to attract more investors. Moreover, the company
should probably lay-off from keeping short term debts high since this indicates risk. However, a long term debt would mean a good
thing since it is one means of gaining capital. In addition, The Company should focus on using their assets to generate revenue.

These percentages may not show the best picture of the performance of the company, even though these ratios tell us financial
performances including the usage of debt, liabilities, assets, equity and income. However, these types of analysis are a powerful tool in
understanding the totality of the company’s financial and operating conditions.